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Dogecoin Fails to Make any Upward Movement; Loses 0.52% Overnight

Dogecoin Fails to Make any Upward Movement; Loses 0.52% Overnight

Dogecoin is yet to get out of its struggle of weeks; instead of retaining its ground it lost 0.52% over the last one day
It is currently being traded below the 20-days & 50-days MA, and any sudden upward movement may not happen anytime soon
Dogecoin (DOGE) could not get out of its selling pressure yet. Over the last 24 hours, it has been down by 0.52% that has pushed the DOGE price to 0.0022 USD. There have been three major price variations in the range between 0.002302 USD and 0.002104 USD.

Dogecoin Price Prediction
Dogecoin price was at 0.00222266 USD at the starting of the day, and over the next 2 hours and 8 minutes, it went on to add 3.58% and got placed at 0.00230228 USD. The next variation happened between 02:08 & 18:29 UTC, and in these 16 hours and 21 minutes, Dogecoin got into immense selling pressure as it lost 8.57% value and touched the lowest point of the day at 0.00210492 USD. However, from 18:29 UTC, towards the closing of the day, Dogecoin gained some strength, and with a 9.04% hike in the value, it went to 0.00229481 USD by 00:37 UTC today.

The 20 days MA stands at 0.0022563 USD, and it’s 50 days MA is now at 0.00224457 USD. The current price of Dogecoin at 0.002211 USD is 1.45% and 2% less than the 50 days & 20 days moving averages, respectively. Dogecoin’s next halt may come at the resistance of 0.002296 USD. Placement of the current value much below both the moving averages suggests that the upcoming days may not witness any significant gains.

  • 2019-12-10